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Insurance Market Scan: Overcapacity, Still Soft

Every few years we take a close look at the U.S. general aviation insurance market. During the research we speak with underwriters and brokers to get a feeling for what changes they see, what problems they are having and what they anticipate coming down the track for those of us who write premium checks. …

Every few years we take a close look at the U.S. general aviation insurance market. During the research we speak with underwriters and brokers to get a feeling for what changes they see, what problems they are having and what they anticipate coming down the track for those of us who write premium checks.

The past several market surveys we’ve done have turned up some things that are continuations of past trends, and occasionally we come across new things. This time we found a combination of the two that leads us to believe there are some changes—albeit gradual—that will affect your premium and for some, the ability to even get a policy for a step-up aircraft.